0x Price Analysis ZRX / USD: Uncertain Future0x / USD Short-term price analysis
0x has a bearish short-term bias, with the cryptocurrency trading well below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a falling wedge pattern has now formed, with the ZRX / USD pair bouncing sharply from major trendline support.
Technical indicators on the four-hour time frame are bullish and continue to generate a strong buy signal.
Pattern Watch
Traders should note that falling wedge patterns are typically considered to be bullish reversal patterns.
Relative Strength Index
The RSI indicator has also turned bullish on the four-hour time frame and is now issuing a solid buy signal.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame and is currently generating a strong buy signal.
0x / USD Medium-term price analysis
0x has a bearish medium-term outlook, with the cryptocurrency continuing to trade below its trend defining 200-day moving average.
The daily time frame is showing that the recent decline in the ZRX / USD pair has invalidated a bullish inverted head and shoulders pattern that has been in play since the start of the year.
Technical indicators on the daily time frame are still turning lower and continuing to issue a sell signal.
ZRX / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a neutral sideways price channel has now formed on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame is attempting to recover, although it remains technically bearish.
MACD Indicator
The MACD indicator is bearish on the daily time frame and continues to issue a sell signal.
Conclusion
0x has staged a strong recovery from key support across both time frames, with short-term indicators continuing to point to further near-term gains for the cryptocurrency.
The recent invalidation of the inverted head and shoulders patterns on the daily time frame has made the ZRX / USD pair’s medium-term outlook more uncertain.
0x
0x - ZRX as bullish as it gets...Dear readers,
this is by no means a genious technical analysis in any way - Iam aware of that. So put aside the TA teacher in you and just accept this as a friendly reminder - to not miss the chance on this awesome opportunity. In my opinion 0x is going to explode very soon the same way Chainlink did already!
The fundamentals are awesome...:
- team
- tech
- partnerships
- exchanges
- adoption
Everything is on point!
Yes - we may fall some Satoshis from here - yes maybe this is not the perfect entry point. But how important are perfect entry points?
1. Almost nobody catches them (even if many out there tell you so).
2. Who cares about the perfect entry, when you booked your 2x or more?
This is no short term view - this is a mid term to long term hold to me. The line I painted may be misguiding, do not look at it like this is the way it has to go - its just a rough estimation to paint you a picture for your imagination.
Still this is no financial advice - I would never talk somebody into putting his money into this insane high risk, high reward crypto space. As mentioned before - this is just a hint, if you like it - good, if not - fine with me as well.
I wish all of you the best of luck - and have a nice day! If possible enjoy it outside and leave tradingview, coinmarketcap and all the exchanges behind at home - at least until the sun goes down ;).
Cheers !
0x Price Analysis ZRX / USD: Testing Bulls’ Patience0x / USD Short-term price analysis
0x has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame continues to show a valid inverted head and shoulders pattern, with ZRX / USD pair slipping dangerously close to major technical support.
Technical indicators on the four-hour time frame are bearish and continue to generate a strong sell signal.
Pattern Watch
Traders should note that any invalidation of the bullish pattern on the four-hour time frame will be taken as bearish trading signal in the short-term.
Relative Strength Index
The RSI indicator is also bearish on the four-hour time frame and is approaching oversold territory.
MACD Indicator
The MACD indicator has turned bearish on the four-hour time frame and is currently generating a strong sell signal.
0x / USD Medium-term price analysis
0x has a neutral medium-term outlook, with the cryptocurrency testing towards its trend defining 200-day moving average.
The daily time frame is showing that bulls have failed to participate in the recent cryptocurrency market rally, with the ZRX / USD pair trapped inside a period of sideways price consolidation.
Technical indicators on the daily time frame are bearish and are starting to generate a medium-term sell signal.
ZRX / USD Daily Chart by TradingView
Pattern Watch
Traders should note that an extremely large inverted head and shoulder pattern remains valid on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame is bearish and is currently issuing a sell signal.
MACD Indicator
The MACD indicator is also neutral on the four-hour time frame and is starting to issue a sell signal.
Conclusion
0x is starting to come under pressure across both time frames as bulls lose patience with the cryptocurrency, leaving the-door-open for technical selling.
With technical indicators turning lower, all eyes are now focused on the ZRX / USD pair’s 200-day moving average.
0x Price Analysis ZRX / USD: Bullish Consolidation0x / USD Short-term price analysis
0x has a bullish short-term bias, with the cryptocurrency still trading above its 200-period moving average on the four-hour time frame.
The four-hour time frame also shows that an ascending triangle pattern has now formed, with the ZRX / USD pair attempting to move away from key trendline support.
Technical indicators on the four-hour time frame are bullish and continue to generate a buy signal.
Pattern Watch
Traders should note that ascending triangle patterns are typically considered bullish continuation patterns.
Relative Strength Index
The RSI indicator is bullish on the four-hour time frame and shows scope for further upside.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame and is currently generating a strong buy signal.
0x / USD Medium-term price analysis
0x has a bullish medium-term outlook, with the cryptocurrency continue to hold price above its trend defining 200-day moving average.
The daily time frame is showing that a valid inverted head and shoulders pattern remains present, with the large bullish pattern yet to be triggered into action.
Technical indicators on the daily time frame are mixed and are currently failing to generate a clear trading signal.
ZRX / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the November 19th, 2018 swing-high remains the bullish target of the inverted head and shoulder pattern on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame is neutral and is currently failing to generate a clear trading signal.
MACD Indicator
The MACD is also neutral on the four-hour time frame and is failing to provide a conclusive trading signal.
Conclusion
0x continues to hold onto its short and medium-term bullish trading status, with the cryptocurrency currently in consolidation mode above its key moving averages.
The daily time frame continues to show a valid bullish pattern, which if fully ignited would see the ZRX / USD pair almost double in value from current trading levels.
ZRX ready to rocketI have been monitoring ZRX for long time and covered some of the short-term trades before, but now I’m more interested in the long run as we might have a bullish reversal which could bring higher prices.
Looking at a chart from NOV 18 to MAR 19, you can see the price made lower lows while RSI made higher highs – I marked the pattern with arrow and blue vertical lines. Now, let me explain RSI indicator first, before going into details.
RSI is an extremely popular indicator that has been featured in a number of articles, interviews and books over the years. It is a momentum oscillator that measures the speed and change of price movements. I use it often to identify divergences.
Divergences signal a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying security makes a lower low and RSI forms a higher low. RSI does not confirm the lower low and this shows strengthening momentum. The opposite of that would show bearish divergence.
ZRXUSD made bottom twice and from there made higher highs all the way to the corner of descending triangle. The gap from the triangle could be very powerful, given the fact we have vitnesed long bearish trend. I’m long on the trade and looking at $0.5 as my first target. I will cover the trade when we get the momentum going – first we need to see a clear break from $0.4 region.
$ZRX - Decision Time - Breakout? Rejection?Looks like we are near completion of the falling wedge. ZRX showing early signs of breakout with pricing testing above trendline and RSI looking to break trend as well. MACD though feels bearish and that would mean a rejection here.
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
ZRX Medium Term Analysis0x looks good after retesting the $.26 accumulation zone once again. Currently coiling before the next leg to the upside possibly. I recommend waiting for a daily closure above the on $.38 zone for confirmation of the upside push. But as you can see there isnt much resistance above there.
* This is NOT Financial Advice*